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OUTLOOK ’15: Asia ethylene’s demand-supply balance to remain tight

By Yeow Pei Lin

SINGAPORE (ICIS)--Asia ethylene’s demand-supply balance is expected to remain tight in 2015 despite a lighter cracker turnaround schedule, players said.

Supplies are expected to be curtailed by reduced exports from South Korea on the back of new downstream projects as well as the closure of uncompetitive crackers in northeast Asia. 

In addition, import demand from China - Asia’s largest market - is expected to be supported by derivative expansions.

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